Continental and United set to release merger deal information on Monday. I mentioned this in a previous Video post. Appears to be an all stock deal, for those who took the CAL jun 21, 24, and 25 call options with me. We are in the green handsomely in these positions and looks like the deal will be finalized by the 4th Quarter. Appears that Continental share holders will get 1.5 United shares. When I get back into town this week I will review and calculate our positions to see how we might benefit best. Here is a quick link to some news on the merger.
http://www.nytimes.com/2010/05/03/business/03merger.html?hp
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